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To: Leroyt who wrote (13231)	4/21/1998 7:18:00 PM
From: Mark[ox5]	Respond to of 27968

Interesting reading! PART 1.... An Investment Opinion by Dale Wettlaufer Feels Like '96 ...1996 was a rarer phenomenon, though. No one can say that Netscape was a horrible company without a real business, unlike what one can say about some of the companies that were being traded in the spring 1996 mania..... .....In fact, buying the sort of things that are moving today can actually be destructive to one's long-term success, because if you bought hoping the next sucker would bail you out or you bought without looking at the fundamentals just because it was going up, the positive reinforcement from today's action will keep you coming back to very low-quality stocks. Such is the nature of random positive reinforcement. Like a rat tapping a lever to receive the pellets that are delivered at only random intervals, market participants buying into some of the stocks below are acting out a real-time replay of these famous experiments in animal behavior. Here's a list of some of the stocks in today's run-up, in no particular order and with no specific comment on each, just yet. Some of these might be fine companies, but market participants and traders running these things to the moon because of any connection, however tenuous, to the Internet, creates a good deal of danger for those not paying close attention to what they're doing. 7th Level (Nasdaq:SEVL - news) up $7 7/16 at $9 1/4 K-tel (Nasdaq:KTEL - news) up $2 1/4 at $43 7/8 Homecom Communications (Nasdaq:HCOM - news) up $5 7/16 to $11 15/16 Red Brick Systems (Nasdaq:REDB - news) up $2 1/2 to $7 5/8 Cybershop International (Nasdaq:CYSP - news) up $4 5/8 to $16 1/2 Telescan Inc. (Nasdaq:TSCN - news) up $3 1/16 at $9 7/8 Peapod Inc. (Nasdaq:PPOD - news) up $1 1/4 at $9 3/16 Online System Services (Nasdaq:WEBB - news) up $2 7/16 to $14 5/16 Data Broadcasting (Nasdaq:DBCC - news) up $2 9/16 to $8 3/4 Rocky Mountain Internet (Nasdaq:RMII - news) up $2 3/16 to $10 1/4 ODS Networks (Nasdaq:ODSI - news) up $2 at $7 3/4 Audio Book Club (AMEX:KLB - news) up $5 7/16 at $11 DBT Online (NYSE:DBT - news) up $4 3/16 at $26 15/16 PC Quote (AMEX:PQT - news) up $2 7/8 to $4 3/8 Sharper Image (Nasdaq:SHRP - news) up $3 11/16 to $8